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Analyse, compare and dissect them here.
About
What is this?
Is a mortgage with a lower discounted rate worth paying a larger fee for? How will an interest rate rise affect your payments? In 10 years time, how much will be left to pay and what will be the real value of your payments? Find out with the most comprehensive mortgage analyser on the net.
How to use
Fill in the boxes and hit "Calculate" - it's that easy! Use the help links - [?]. This service is intended as a guide only; please check the figures yourself. Your home may be at risk if you set fire to the curtains.
Here is an actual example of a comparison between two real mortgages.
Handy hint - Change the names "Mortgage 1" and "Mortgage 2" to keep track of the mortgages you are comparing.
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Analysis
Mortgage Analysis
Payments
Discounted Period Details
Full Mortgage Details
State of the mortgage by year:
| Year | Balance | Adjusted* Payment |
|---|---|---|
| 0 | 129149.00 | 878.70 (+84.64) |
| 1 | 126802.09 | 855.83 (+82.44) |
| 2 | 124300.49 | 913.26 (+72.72) |
| 3 | 121992.10 | 889.49 (+70.82) |
| 4 | 119504.51 | 866.34 (+68.98) |
| 5 | 116823.80 | 843.79 (+67.18) |
| 6 | 113934.98 | 821.83 (+65.44) |
| 7 | 110821.90 | 800.44 (+63.73) |
| 8 | 107467.13 | 779.61 (+62.07) |
| 9 | 103851.93 | 759.32 (+60.46) |
| 10 | 99956.07 | 739.56 (+58.89) |
| 11 | 95757.76 | 720.31 (+57.35) |
| 12 | 91233.53 | 701.56 (+55.86) |
| 13 | 86358.07 | 683.30 (+54.41) |
| 14 | 81104.12 | 665.52 (+52.99) |
| 15 | 75442.28 | 648.20 (+51.61) |
| 16 | 69340.91 | 631.33 (+50.27) |
| 17 | 62765.87 | 614.90 (+48.96) |
| 18 | 55680.39 | 598.89 (+47.69) |
| 19 | 48044.85 | 583.31 (+46.44) |
| 20 | 39816.54 | 568.13 (+45.24) |
| 21 | 30949.45 | 553.34 (+44.06) |
| 22 | 21393.98 | 538.94 (+42.91) |
| 23 | 11096.69 | 524.91 (+41.79) |
Mortgage Analysis
Payments
Discounted Period Details
Full Mortgage Details
Effect of Extra Payments
State of the mortgage by year:
| Year | Balance | Adjusted* Payment |
|---|---|---|
| 0 | 129999.00 | 794.06 |
| 1 | 127216.01 | 773.39 |
| 2 | 124283.63 | 840.54 |
| 3 | 121651.78 | 818.67 |
| 4 | 118843.67 | 797.36 |
| 5 | 115847.49 | 776.61 |
| 6 | 112650.66 | 756.40 |
| 7 | 109239.72 | 736.71 |
| 8 | 105600.36 | 717.54 |
| 9 | 101717.25 | 698.86 |
| 10 | 97574.09 | 680.67 |
| 11 | 93153.45 | 662.96 |
| 12 | 88436.75 | 645.70 |
| 13 | 83404.17 | 628.90 |
| 14 | 78034.54 | 612.53 |
| 15 | 72305.31 | 596.59 |
| 16 | 66192.37 | 581.06 |
| 17 | 59670.04 | 565.94 |
| 18 | 52710.90 | 551.21 |
| 19 | 45285.69 | 536.86 |
| 20 | 37363.20 | 522.89 |
| 21 | 28910.12 | 509.28 |
| 22 | 19890.93 | 496.03 |
| 23 | 10267.71 | 483.12 |
Balance of mortgage(s) over time
